New Zealand net immigration sets another record in November

Dec 20, 2015 22:52 pm UTC| Commentary Economy

New Zealands net immigration rose further in November, having topped a net 6,000 people for the first time in October. The acceleration in the last two months from already-high levels has largely been driven by a drop-off...

U.S. extends tax relief as state spending grows

Dec 19, 2015 08:33 am UTC| Commentary Economy

U.S. Congress this week passed legislation covering fiscal 2016 (FY16) spending appropriations (exceeding the 2011 sequester cap) and a basket of tax credits, deductions and adjustments with a net revenue cost surpassing a...

China house prices growth pick up pace

Dec 18, 2015 11:12 am UTC| Commentary Economy

Life may be returning to Chinas ailed housing sector as prices moved up steadily for seventh consecutive month. Prices in 70 cities surveyed up by 0.3% in November, after rising 0.2% in October. On yearly basis prices have...

Emerging Market Crisis Series

China's property market likely to weigh on economic growth in coming years

Dec 18, 2015 09:30 am UTC| Commentary Economy

In China, November new house prices show continuous signs of stabilization driven by a pick up in big tier 1 cities. The country does not release a price index nationwide, but the prices likely rose. The prices likely...

Emerging Market Crisis Series

Saudi liquidity likely poor towards year end

Dec 18, 2015 09:25 am UTC| Commentary Economy

GCC markets might not have read the memo about the US Feds dovish hike. The 1 year and 2 year swaps moved higher yesterday towards 1.86 and 2.14% respectively. Liquidity is poor towards year end, but the direction seems...

Canada's external factors the key driver, but also the key risk

Dec 18, 2015 01:14 am UTC| Commentary Economy

The anticipated rotation of Canadian growth, and indeed much of the growth forecast, is reliant on how developments beyond the borders feed into the domestic economy. There are two key risk channels: foreign demand and the...

Canada’s external factors key to economic rebalancing and growth

Dec 18, 2015 00:34 am UTC| Commentary Economy

Factors beyond Canadas borders remain central to the economic outlook. Low oil prices, diverging growth outlooks and expected interest rate differentials have all pushed the value of the Canadian dollar lower relative to...